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Croatia caps fuel retail prices for 30 days to back economic recovery

World

Croatia's government said on Thursday it decided to cap the retail prices of petrol and diesel for the next 30 days to alleviate the impact of the recent jump of fuel prices on international markets on the country's economic recovery and the standard of living, news portal SeeNews reported.

"With regard to the current economic situation, the unpredictability of oil prices on the world markets and the impact of oil prices on the overall economic activity and the people's standard of living, with an aim to ensure further economic recovery, we decided to use an opportunity [in the fuel price law] to stabilize the prices of petrol and diesel for a period of 30 days," Prime Minister Andrej Plenkovic said during a weekly cabinet meeting.

This week, the retail prices of petrol were HRK 0.26 higher compared to last week, while diesel prices added HRK 0.40. According to the report, the maximum retail price of gasoline is capped at HRK 11.11 (EUR 1.48) per liter, while the maximum price of diesel is limited at HRK 11.

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